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DiNapoli: State's Financial Hole Deepens, Tax Revenues Trail $3.2 Billion in 2020
… August. DiNapoli noted state tax receipts of $4.3 billion in August were $309.3 million above the latest projections by … of Budget (DOB), but $219.1 million below collections in August 2019. “Tax revenues continue to fall short of … to fund education, health care and other vital services in this year’s budget,” DiNapoli said. “The revenue hole the …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-states-financial-hole-deepens-tax-revenues-trail-32-billion-2020Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… permission. Sample City Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Year Ended December 31, … 4,142,574 Investments earnings: Net (decrease) In fair value of investments (272,522) … expense 216,428 Net investment earnings 3,417,194 4,560 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsNew York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November … the proposed executive state budget could increase costs for the city. The city should continue to boost reserves and look for new ways to save.” In January, city officials released a …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yearOversight of Security Expenses in Single Adult and Adult Family Homeless Shelters
… services for eligible homeless families and individuals in the City and for providing fiscal oversight of the homeless shelters. Governed by a “right to shelter” mandate, the City provides temporary emergency shelter to every eligible person who requests services. …
https://www.osc.ny.gov/state-agencies/audits/2018/05/07/oversight-security-expenses-single-adult-and-adult-family-homeless-sheltersChemical Dependency Program Payments to Selected Contractors in New York City (Follow-Up)
… Our initial audit report, which was issued on May 6, 2010, reviewed the payments to two contractors; Palladia … Abuse Services: Contract with Daytop Village, Inc. (2008-R-1) …
https://www.osc.ny.gov/state-agencies/audits/2013/04/10/chemical-dependency-program-payments-selected-contractors-new-york-city-followOversight of Career and Technical Education Programs in New York State Schools
… rate for students who have completed two consecutive CTE courses in the same program is about 90 percent – 15 … oversight efforts need improvement to ensure CTE programs offered through the secondary school system align with …
https://www.osc.ny.gov/state-agencies/audits/2020/12/21/oversight-career-and-technical-education-programs-new-york-state-schoolsMainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting (Follow-Up)
… extent of implementation of the seven recommendations made in our initial audit report, Mainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting ( 2014-S-55 ). Background The … Medicaid managed care premium rates, which are based, in part, on the allowable administrative costs of managed …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/mainstream-managed-care-organizations-administrative-costs-used-premium-rate-setting-followMedicaid Program – Opioid Prescriptions for Medicaid Recipients in an Opioid Treatment Program
… Medicaid recipients who are receiving opioids while also in a Treatment Program for opioid use disorder. This audit … currently faces an opioid misuse epidemic, which began in the 1990s with the over-prescribing of opioid drugs for … prescriptions. I-STOP is a tool to assist prescribers in determining the most appropriate prescription(s) for an …
https://www.osc.ny.gov/state-agencies/audits/2018/11/20/medicaid-program-opioid-prescriptions-medicaid-recipients-opioid-treatment-programDiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… and growing our state’s economy makes the program a double win.” The In-State Program is designed to provide investment …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli Audit: Pre-K Special Education Provider Spent $2.5 Million in Unallowed Expenses
… the State Education Department (SED) for $2.6 million in expenses that were not allowed. “The State Education … required. The audit initially examined the $16.4 million in reimbursable costs the school reported to SED for the … years. The audit recommended SED disallow $2,585,454 in expenses the school reported to the state for …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-audit-pre-k-special-education-provider-spent-25-million-unallowed-expensesDiNapoli: Hate Crimes Surged in New York Over the Last Five Years
… year, nearly half of all hate crime reports carried an assault charge compared to 39% in 2018. 2023 data for areas … bias. The two other most common offenses were misdemeanor assault crimes against persons, which were predominantly …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-hate-crimes-surged-new-york-over-last-five-yearsDiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… The full op-ed is below: New York needs to boost financial education in our schools Young people in New York have a … finance. Many states have already incorporated financial education into the school curriculum, with some starting lessons as early as …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsDiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… half of tenants in the city spend 30% of their income on rent, forcing them to make tough choices. City and state … housing costs, which include shelter (mortgage payments, rent and property taxes), utilities, operations/maintenance, … or 53% of households spent over 30% of their income on rent in 2021, which has remained significantly high over the …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… Betty A. Rosa. The full op-ed is below: We should be teaching financial literacy in NY's high schools Financial … and investing. They become better equipped and informed to make important financial decisions in the future that … Blue Ribbon Commission on Graduation Measures recommended to the Board of Regents that financial literacy should be a …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… putting some of the funding at risk. Because there is a deadline on using federal COVID-19 funds, delays in … the completion of projects. The agency’s response is available in the audit. Audit Homes and Community Renewal: … Programs Track state and local government spending at Open Book New York . Under State Comptroller DiNapoli’s open …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingDiNapoli and Diaz Help Bronx Residents Claim $245 Million in Lost Money
… President Ruben Diaz Jr. will help raise awareness about unclaimed funds across the borough. It’s your money, come and get it. … Bronx residents to make the effort to track down their unclaimed money from the more than $244 million in unclaimed …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-and-diaz-help-bronx-residents-claim-245-million-lost-moneyState Pension Fund Adds $30 Million for Investments in New York Companies
… The New York State Common Retirement Fund has committed an … Venture Partners to invest in state-based companies, New York State Comptroller Thomas P. DiNapoli announced … Thomas P. DiNapoli is trustee of the $176.8 billion New York State Common Retirement Fund, the third largest …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesDiNapoli: State Medicaid Program Made More Than $100 Million in Duplicate Payments
… New York state paid more than $100 million in duplicate payments to managed care organizations (MCOs) … to do a better job coordinating with all stakeholders in the Medicaid system to eliminate this waste, improve … MCOs a monthly premium for each enrolled recipient and, in turn, the MCOs pay providers for services required by …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-state-medicaid-program-made-more-100-million-duplicate-paymentsWyoming County Industrial Development Agency – Payments in Lieu of Taxes (2024M-148)
… officials calculated PILOT billings for nine wind and solar energy projects, totaling $971,547. We reviewed the …
https://www.osc.ny.gov/local-government/audits/county/2025/11/21/wyoming-county-industrial-development-agency-payments-lieu-taxes-2024m-148Safe Schools Against Violence in Education (SAVE) Act - Safety Plans - 2019-MS-1
… have a safety plan. Eighteen schools did not have a safety team or did not have all the required members. No school met … (boards) must: Appoint all required members to the safety team. Adopt the safety plan annually by September 1 after … The Chief Emergency Officer must ensure that: The safety team develops a plan and annually reviews and updates it …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/07/25/safe-schools-against-violence-education-save-act-safety-plans-2019-ms-1